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Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A document entitling one to ownership of a certain, stated amount of gold. Most of the time, gold investors hold gold certificates rather than the physical gold itself in order to avoid the expense, security issues, and other difficulties associated with owning gold. However, the holder of the gold certificate can take possession of the gold he/she owns upon demand.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
A receipt of ownership for a stated quantity of gold. A certificate, usually issued by a major bank, allows an investor to own gold without actually taking possession of the metal. A commission is generally charged at the time of purchase.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.